WASHINGTON, April 24, 2019 – The World Bank’s Board of Executive Directors today approved the following project for the Republic of Serbia: Tax Administration Modernization Project.
IBRD Loan: 45.3 million EUR (52 million USD)
Terms: Maturity = 15 years; Grace = 5 years;
Project ID: 163673
Project Description: The objective of the project is to improve effectiveness of tax collection and lower the compliance burden for taxpayers.